At a Glance
Nvidia's 11-member board is reportedly considering removing CEO Jensen Huang, 63.
The company has no publicly disclosed succession plan.
Shares plunged more than 8% in extended trading, with around $600 billion in market value wiped out this week.
US lawmakers are demanding answers over alleged Chinese intelligence links and chip exports.
Chinese AI firms are rushing to secure access to Nvidia-powered computing capacity overseas.
A potential CEO departure is raising concerns over Nvidia's future, US-China technology relations and the stability of the global AI investment boom.
The man who turned Nvidia into a roughly $4 trillion AI powerhouse could be facing the biggest challenge of his career. Its board is reportedly weighing whether Jensen Huang should remain CEO following reports of two extramarital affairs, including one involving a businesswoman suspected of links to Chinese intelligence.
Key Details
According to Reuters, Nvidia's board has been meeting to discuss Huang's future, marking a sharp shift from Sunday's public expression of confidence in his leadership.
Huang co-founded Nvidia more than three decades ago and owns around 3.6% of its shares. His departure could leave a major leadership gap, as the company has no clear successor or publicly disclosed succession plan.
Two internal candidates have emerged as possible replacements: CFO Colette Kress and AI executive Ian Buck, who helped develop Nvidia's CUDA software platform.
The controversy has also reached Washington. US lawmakers are seeking answers over potential national security risks, while House Republicans have requested a closed-door briefing with Huang.
Meanwhile, Chinese AI companies are racing to secure Nvidia-powered computing capacity through overseas data centres, fearing tighter US restrictions on remote access to advanced chips.
Market Reaction
Nvidia shares fell more than 8% in extended trading on Wednesday. The decline added to losses that have erased approximately $600 billion from its market value this week.
The uncertainty is also weighing on broader technology sentiment as investors reassess the risks surrounding the AI sector.
Why It Matters
Huang has become central to Nvidia's business strategy and the global AI expansion. A sudden leadership change could unsettle investors, disrupt strategic decisions, and create fresh uncertainty around the company's China business.
Investors will be watching for the board's decision, developments in the US investigations, and any changes to chip export restrictions. The key question is whether Nvidia can maintain its momentum if the person who built its AI empire steps aside.
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Source: Reuters
Time: 11:00 AM EEST
